SKY

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.067%

7d average—if it closes, per $10,000$7funding while held, a day+$0.12

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SKY	0.07243	0.0096	pay 0.0012% / 1h	41m 55s	$190K	$158K	10x
Short	Aster SKYUSDT	0.07238	0.0100	get 0.0050% / 4h	1h 41m	$44K	$39K	20x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee LighterbpFee AsterbpOrdersClose when spread is

Spread captured: −$6.72
Funding while held: $0.12
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$14.6
Spread needed to break even: 0.080%

Slippage unknown: Lighter: live order book, 40 min ago; Aster: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0004%
Per $10,000 a day: +$0.12
Average in range /8h: —

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter live order book, 40 min ago	9.53 bp	11.2 bp −$11	92.0 bp −$920	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SKY price on every exchange

against the cheapest. Click to use as the short leg.

Gate0.07219cheapest Variational Omni0.07222+0.037%Bybit0.07225+0.083%BingX0.07231+0.166%ApeX Omni0.07231+0.166%KuCoin0.07232+0.180%OKX0.07234+0.208%Bitget0.07234+0.208%MEXC0.07236+0.235%GMX0.07236+0.235%Binance0.07237+0.249%Nado0.07237+0.256%

Aster0.07238+0.266%

Injective0.07239+0.277%Orderly0.07240+0.291%BloFin0.07241+0.305%

Lighter0.07243+0.334%

Hyperliquid0.07249+0.414%

SKY on 18 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Gate SKY_USDT	−0.333%	+0.0100%	4h	$624K	$239K	50x	as long as short
Variational Omni SKY	−0.296%	−0.0015%	4h	$199K	$92K	—	as long as short
Bybit SKYUSDT	−0.250%	+0.0100%	4h	$8.1M	$3.2M	25x	as long as short
BingX SKY-USDT	−0.167%	+0.0100%	4h	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	−0.167%	+0.0100%	1h	$20K	$685K	50x	as long as short
KuCoin SKYUSDTM	−0.153%	+0.0100%	4h	$455K	$289K	50x	as long as short
OKX SKY-USDT-SWAP	−0.126%	+0.0100%	4h	$878K	$1.4M	20x	as long as short
Bitget SKYUSDT	−0.126%	+0.0100%	4h	$3.0M	$2.0M	75x	as long as short
MEXC SKY_USDT	−0.098%	+0.0100%	4h	$1.1M	$277K	100x	as long as short
GMX SKY/USD [ETH-USDC]	−0.098%	L +0.0538% / S −0.0248%	1h	$86K	—	50x	as long as short

Show all 18 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Binance SKYUSDT	−0.084%	+0.0100%	4h	$16.8M	$9.8M	75x	as long as short
Nado SKY-PERP	−0.077%	+0.0100%	1h	$71K	$30K	5x	as long as short
Aster SKYUSDTshort	−0.067%	+0.0100%	4h	$44K	$39K	20x
Injective SKY/USDC PERP	−0.057%	+0.0033%	1h	$395	$102K	12x	as long as short
Orderly PERP_SKY_USDC_mythos	−0.043%	+0.0100%	4h	$702	$2K	10x	as long as short
BloFin SKY-USDT	−0.029%	+0.0107%	4h	$623K	$612K	75x	as long as short
Lighter SKYlong	0.000%	+0.0096%	1h	$190K	$158K	10x
Hyperliquid SKY	+0.080%	+0.0718%	1h	$3.1M	$995K	3x	as long as short